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Updated Duplex with Detached Garage

151 3rd Ave, Foley, MN 56329

For Sale
$175,000

Up/down configuration includes separately metered utilities and leases in place through Fall 2026.

Property Size1,465 SF
Price / SF$119.45
Days on Market106

Property Features for 151 3rd Ave

General Information

Standard status Active
Size 1,465 SF
Total Parking Spaces 2
Property subtype Multi-Family

Additional Details

Gross Income $24,600
Utilities to Site Yes

Building Details

Year Built 1903
Buildings 2
Stories 2
Tenancy Multi
Listing Agency: RE/MAX Advantage Plus
Listed By: Samantha Severson · License MN #40603177
Source: Chrisfritchteam
Added: Jul 30 Changed: Oct 25 Last Checked: Oct 7 at 3:58PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Advantage Plus

Rey
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Investment Insights

Based on property information with market context.

This 1,465 SF up/down duplex at 151 3rd Ave in Foley, MN includes a 2 bed/1 bath main-level unit and a 1 bed/1 bath upper-level unit. The property includes a detached 2-stall garage, separately metered utilities, and laundry access from the main-level unit. Tenants pay gas, electric, lawn care, and snow removal. Leases are in place through Fall 2026.

The upper-level unit was updated during 2024–2025 with new flooring, fixtures, and kitchen improvements. The main-level unit includes additional updates and future value-add potential. The configuration supports separate residential units within a single duplex property, with the detached garage providing additional on-site storage or parking functionality.

Key Highlights

  • 1,465 SF up/down duplex with 2 bed/1 bath main‑level and 1 bed/1 bath upper unit
  • Upper‑level unit updated during 2024–2025 with new flooring, fixtures, and kitchen improvements
  • Detached 2‑stall garage included

Property Analytics

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Lease Details

Multi-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

278
Businesses Nearby

Demographics for 56329, MN

7,615
Population
2,939
Households
2.6
Avg Household Size
38
Median Age
19%
College-Educated
92%
High-School Grad
191.9 sq mi
ZIP Area
40
Density / Sq Mi
$89,728
Median Household Income
$46,776
Median Earnings
$1,032
Median Rent
$260,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Up/down configuration includes separately metered utilities and leases in place through Fall 2026.
Where is this duplex located?
The property is located at 151 3rd Ave Foley, MN.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 1,465 SF up/down duplex with 2 bed/1 bath main‑level and 1 bed/1 bath upper unit; Upper‑level unit updated during 2024–2025 with new flooring, fixtures, and kitchen improvements; Detached 2‑stall garage included
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